40, SPRINGFIELDS CLOSE, CHERTSEY, KT16 8JT - £301,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 SPRINGFIELDS CLOSE is a very small terraced house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £339,881. It was last sold for £301,000 in January 2021, which was around 20% below the average January 2021 terraced price in the Runnymede local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

40 SPRINGFIELDS CLOSE Sold Prices

Land registry data shows two sales for 40 SPRINGFIELDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Runnymede local authority area for the corresponding sale date. Both of the two 40 SPRINGFIELDS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 22 JAN	£301,000	£375,711	20% below HPI
2008 31 OCT	£187,000	£233,147	20% below HPI

40 SPRINGFIELDS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Runnymede local authority area over time, sourced from the HPI. The two 40 SPRINGFIELDS CLOSE sales from October 2008 and January 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2008 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2021 sale, which was also at 20% below the HPI.

What might 40 SPRINGFIELDS CLOSE be worth now?

40 SPRINGFIELDS CLOSE might now be worth an estimated £339,881.

This is based on house price inflation of 12.9%, between January 2021 and June 2025, for terraced houses, in the Runnymede local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.9% inflationary increase is applied to the most recent sale price for 40 SPRINGFIELDS CLOSE of £301,000 on 22nd January 2021. For the value to have increased from £301,000 to £339,881 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 40 SPRINGFIELDS CLOSE has moved in line with the HPI for terraced houses in the Runnymede local authority area.
• The January 2021 sale price of £301,000 represented a fair market value for the property.
• The size, condition, and specification of 40 SPRINGFIELDS CLOSE has not materially changed since January 2021.

How Large is 40 SPRINGFIELDS CLOSE?

40 SPRINGFIELDS CLOSE is 46m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of terraced houses houses in Chertsey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chertsey, and where 40 SPRINGFIELDS CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 40 SPRINGFIELDS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chertsey.

40 SPRINGFIELDS CLOSE: Plot and Title Map

40 SPRINGFIELDS CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 40 SPRINGFIELDS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 SPRINGFIELDS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 SPRINGFIELDS CLOSE?

40 SPRINGFIELDS CLOSE is located in CHERTSEY, in the KT16 postcode district. The below map shows the position of No. 40 on SPRINGFIELDS CLOSE.